Commodity Inside steel insight articles provides a thematic analysis steel news covering key developments in the steel industry related to steel demand, stainless steel market, steel production, steel trade, steel prices, steel capacity, steel blockchain, steel M&A etc.
Trump announces tariffs against Brazilian steel
Thursday, 05 December 2019 by Commodity Inside
Trump reinstates tariffs on Brazilian steel Once again, President Trump has rippled a wave of uncertainty across the steel market. He announced, via Twitter, to reinstate the US tariffs on steel imports from Brazil and Argentina with immediate effect. While Argentina is not an important exporter of steel to the US, Brazil has been the
- Published in Steel
Steel Market Update: Steel prices falling, while demand is outpaced by supply
Wednesday, 16 October 2019 by Commodity Inside
Flat Steel Market Update Flat steel prices continued its downward trajectory and declined in almost all major markets. The recent drastic decline in steel prices was quite unexpected. The market was expecting a rebound in September which was not materialised while prices continued its slide in October. A combination of factors has driven the decline
- Published in Steel
Flat Steel Market
Thursday, 10 October 2019 by Commodity Inside
Flat steel- an Introduction Flat steel products are commonly known as steel sheet/coil and steel plate. These are categorised in various types including hot rolled coil (HRC), cold rolled coil (CRC), metallic coated steel, organic coated steel, coil plate and reversing mill plate. Most steel plate is produced in the thickness range between 5mm and
- Published in Steel
Electrical steel market developments: NLMK, Tata and anti-dumping
Tuesday, 01 October 2019 by Commodity Inside
Over the recent few months, we have seen a number of developments in the electrical steel market. In Russia, NLMK agreed to supply electrical steel to LTC Group, a European producer of transformers and power generation parts. Under the two year agreement, NLMK will supply both grain-oriented electrical steel (GOES) and non-grain oriented steel (NGOES)
- Published in Steel
Steel slab and the US quota dynamics
Wednesday, 18 September 2019 by Commodity Inside
The US slab buyers have started returning to the market while booking slab from Brazil by using the remaining annual quota (less than 0.5 Mt) in October. This has helped Brazil’s export prices, which reduced its loss to just USD 5/t, from August levels. However, Commodity Inside assess that the exports quota is likely to
- Published in Steel
Long Steel Market
Thursday, 04 July 2019 by Commodity Inside
Long steel- an Introduction The term long steel refers to the products made from billets and blooms, which are mainly used in the construction sector. Usually, they are made through EAF furnaces. Long steel products include rebar, wire rod, merchant bars, rails and sections. Rebar is also known as debar, ribbed steel and concrete reinforcing
- Published in Steel
NLMK needs to resolve its slab supply-demand imbalances
Friday, 14 June 2019 by Commodity Inside
Novolipetsk Steel (NLMK) is one of the major steel companies which have been most severely impacted by Mr Trump protectionists’ measures. Prior to the imposition of Section 232, NLMK was supplying around 2 million tonnes/year of slabs to its US subsidiary from Russia. Initially, the imposition of 25% duty was affordable for NLMK, owing to
- Published in Steel
Electrical steel market to benefit from growth in electric vehicle production
Wednesday, 05 June 2019 by Commodity Inside
Electric Vehicles (EV) are set to play a pivotal role in tackling the energy and environmental issues in the transport sector. Automakers are being pushed to develop energy efficient and reliable alternatives in the form of electric vehicles and fuel cell vehicles. So far, electric vehicle sales are growing faster, though from a low base.
- Published in Steel
Vale and CCCC to build a flat steel mill, though slab supply undetermined
Thursday, 30 May 2019 by Commodity Inside
Vale, the world largest iron ore producer, and China Communications Construction Co. (CCCC), a state-owned engineering and construction company to partner for building a 300,000 tonnes/year flat steel mill in the northern Brazilian state of Para. The memorandum of understanding (MoU) has now been signed between Concremat, Vale and the state government of Pará. Vale
- Published in Steel
Egypt Steel Industry
Tuesday, 07 May 2019 by Commodity Inside
Egypt Steel Market (tariffs, production, prices and demand) Egypt Imposed Tariffs Egypt imposed tariffs on rebar and billet in mid-April which was under consideration for a few months. The import tariffs are now set between 3% and 15% for billets and 25% for rebar. Started from 15th April, tariffs would be effective for the next
- Published in Steel